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Dec 1, 2012
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the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two a
the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >>...
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Dec 1, 2012
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cliff and it's actually not a fiscal cliff, you hear a lot of liberals saying it's a slope. and the world is not going to end if we go over it. now, you won't finds too many people in the administration who agree with that. they worry about the psychology, the markets. and frankly just the drama associated with hitting that deadline and washington's inability to deal with this deadline. they worry about that. but the growing argument on the left, is that the white house shouldn't be so concerned. they should just call the republicans bluff. >> the democrats like to say that they got a mandate out of the last election. but do you think that's true? certainly, it's stronger in the senate for them, but republicans still control the house. >> on this question of letting tax rates for those at the top -- the lower tax rates expire for those at the top, there is a mandate. polling has been consistent for years, and we saw in the exit poll. 60% of voters overall, and more importantly, 80% of obama voters is more unified democratic coalition support letting the tax rates expire. tha
cliff and it's actually not a fiscal cliff, you hear a lot of liberals saying it's a slope. and the world is not going to end if we go over it. now, you won't finds too many people in the administration who agree with that. they worry about the psychology, the markets. and frankly just the drama associated with hitting that deadline and washington's inability to deal with this deadline. they worry about that. but the growing argument on the left, is that the white house shouldn't be so...
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Sep 9, 2012
09/12
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secondly, nobody -- if you look at where the two parties are on the fiscal cliff, everybody agrees on about 90% of the tax impact. both parties want to extend all of the middle-class tax cuts. the battle is only over the high earner tax cuts as it relates to tax policy. so whatever the -- however it plays out, the middle-class tax cuts will be extended, and if i can come back for a minute and talk about one more of these factors i talked about in the piece -- if you look at what's occurring in energy, i think far too many people have stopped and taken a deep breath and looked at it. we're having -- and i think this is the right word -- a revolution in u.s. oil and gas production. it's a bit obscured by the debate which is a proper one about climate change. if you look at what's happening in natural gas production, this year we hit an all-time high. all-time high. it's going to have a big impact on gdp and jobs. let alone in terms of banking and other factors. >> what do you think, is the energy piece of this a game-changer? >> i think it's partly a game-changer. but you have to rememb
secondly, nobody -- if you look at where the two parties are on the fiscal cliff, everybody agrees on about 90% of the tax impact. both parties want to extend all of the middle-class tax cuts. the battle is only over the high earner tax cuts as it relates to tax policy. so whatever the -- however it plays out, the middle-class tax cuts will be extended, and if i can come back for a minute and talk about one more of these factors i talked about in the piece -- if you look at what's occurring in...
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Dec 5, 2012
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we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >> how much spending cuts do we want to see? i could tally up for you right now, $3 trillion with the spending cuts that we already enacted in law in the last year and a half. $1 trillion that came from the budget control act that was passed a year ago, that said a trillion dollars has to start coming up now, and that has begun. another trillion dollars which is going to be enacted through the sequester. we still have them. and we can move forward. that's another trillion, 1.2 trillion. let me give you the other 800 billion. we cut -- democrats without a republican vote, $716 billion in -- and we found $716 billion in savings through m
we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >>...
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Dec 1, 2012
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this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing rope a dope. >> i wasn't going to have him building roller coasters all day long. >> sure, who doesn't want to be a kid again, but washington, you have real work to do. a looming fiscal cliff and what are we hearing? as republican senator jeff sessions says -- >> a lot of flimflam. >> flimflam. we told you last night that treasure secretary tim geithner hop-scotched his way down pennsylvania avenue to bring the president's proposal from the white house to capitol hill and instead of offering compromise, he leapt to the extreme. in case you forgot, here's what his plan does. his plan taxes $1.6 trillion of taxes. higher tax rates on people, families making more than $250,000 as well as closing loopholes, limiting deductions, raising the estate tax rate and increasing the tax
this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing rope a dope. >> i wasn't going to have him building roller coasters all day long. >> sure, who doesn't want to be a kid again, but washington, you have real work to do. a looming fiscal cliff and what are we...
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Dec 29, 2012
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the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders. cnn radio capitol hill correspondent lisa desjardins is in washington. good morning, lisa. you were on capitol hill yesterday for all of the political action between president obama, congressional leaders. do you think we're closer to a deal? i'm hearing optimism from the president. is that real or is that imagined? >> reporter: right. what do you say? mod deftly or moderately optimistic he said? i think it's for real. people have wanting to get to this point for even a chance at a deal. that's where we are. not a deal yet but there's a chance for a deal. now two senators being the principal negotiators. mitch mcdonaconnell and harry r.
the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders....
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Dec 11, 2012
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is the fiscal cliff really a fiscal slope. a downward spiral to something much worse. the possibility of going off the cliff is just 22 days away, and it sounds pretty ominous, but it could be a walk in the part compared with what could happen if lawmakers don't take a closer look at our bigger debt picture and soon. because what they're talking about is peanuts. president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it all together, what you need is a package that keeps taxes where they are for middle class familiefamilies, w some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but not so fast, mr. president. we need a little more than you're talking about. president obama says his plan reduces the deficit by $4 trillion over ten years. forget the fact it counts war savings which shouldn't count. let's go with the $4 trillion. john boehner said his plan cuts $2.2 trillion over ten years. you shouldn't be comparing those two nu
is the fiscal cliff really a fiscal slope. a downward spiral to something much worse. the possibility of going off the cliff is just 22 days away, and it sounds pretty ominous, but it could be a walk in the part compared with what could happen if lawmakers don't take a closer look at our bigger debt picture and soon. because what they're talking about is peanuts. president obama was in michigan today pushing his fiscal cliff plan. he made the solution sound so simple. >> when you put it...
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Nov 9, 2012
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let's go back to the fiscal cliff. we also should get a little counter for the fiscal cliff. 53 days. christine's got an update on what it will mean if we hit it in 53 days. >> pretty alarming report out from the congressional budget office about this. it said in the post-election report on the fiscal cliff, it will lead to a recession and a spike in unemployment to 9.1%. congress, running out of time to prevent taxes rising for everyone and to prevent across-the-board 8% to 10% cuts for agencies like the fda, cdc, border patrol, education. the cdc director has said this, the reduction will risk costly and deadly spread of disease, and failures to prevent tragic and expensive health problems. every government agency is trying to figure out what these cuts will do to their ability to work for the people. the cbo also found that raising taxes just on the wealthy would not meaningfully hurt economic growth. quick check of the market right now. u.s. stock futures are mixed. the dow and the s&p 500 stock futures are down. n
let's go back to the fiscal cliff. we also should get a little counter for the fiscal cliff. 53 days. christine's got an update on what it will mean if we hit it in 53 days. >> pretty alarming report out from the congressional budget office about this. it said in the post-election report on the fiscal cliff, it will lead to a recession and a spike in unemployment to 9.1%. congress, running out of time to prevent taxes rising for everyone and to prevent across-the-board 8% to 10% cuts for...
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Nov 15, 2012
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we're at 47 days still the fiscal cliff shows up. most of what we hear about the fiscal cliff is panic and alarm and tax hikes and spending cuts and all of this is set to kick off at the beginning of the year. face the dire consequences or else. get your parachute. guess what, there's somebody who knows a thing or two about money who doesn't seem to be anywhere near as worried as those other people who are telling us we're about to plummet. it's billionaire warren buffett. he says as long as president obama holds firm on the wealthiest americans paying more taxes, we can just go on right over that fiscal cliff and we will not dive back into recession. how do i know this? because poppy harlow knows this. she sat down for the exclusive interview. you have the greatest access to warren. every time there's news, you seem to get it. i was looking at your interview earlier. he's very candid with you about this. this doesn't look like it's for political gain in any way. we're past the election. it's incredible what he said. >> it really sur
we're at 47 days still the fiscal cliff shows up. most of what we hear about the fiscal cliff is panic and alarm and tax hikes and spending cuts and all of this is set to kick off at the beginning of the year. face the dire consequences or else. get your parachute. guess what, there's somebody who knows a thing or two about money who doesn't seem to be anywhere near as worried as those other people who are telling us we're about to plummet. it's billionaire warren buffett. he says as long as...
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Dec 6, 2012
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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Nov 8, 2012
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much of it is being attributed to the fiscal cliff. which, by the way, how does that have any bearing on whether it was obama or romney. that fiscal cliff is there. >> one things i think stocks did not continue yesterday to si sell-off in part because of the sound bites you play, the first day after the election, the major players coming out. >> people are that gullible? >> it's not gullible. investors need a signal they will get this fixed. the stock market is still down. it didn't rally. the world needs a signal the biggest economy and the biggest democracy in the world is not going to fall apart over partisan politics. >> the president's victory speech where he said he need to work together, et cetera, that's not enough of a signal? >> they need to show how. i need to see them dancing, not fighting. i need to see exactly what john boehner, the speaker of the house, means by, we're open to additional revenues if, you know, we need to know what that's going to be. the they will be the classic washington horse trading start to begin bu
much of it is being attributed to the fiscal cliff. which, by the way, how does that have any bearing on whether it was obama or romney. that fiscal cliff is there. >> one things i think stocks did not continue yesterday to si sell-off in part because of the sound bites you play, the first day after the election, the major players coming out. >> people are that gullible? >> it's not gullible. investors need a signal they will get this fixed. the stock market is still down. it...
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Dec 4, 2012
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fiscal cliff, amazement and dismay. i've heard it again and again. >> toes are the two words i focused on, amazement and dismay, and my question comes is he making any changes for fedex? >> companies need clarity. and even in the third quarter gdp report you can see that companies holding back on computer purchases, on equipment purchases, because they don't know what's going to happen next year. if there's going to be a recession or not. can i tell you, not to know whether you're going to have a recession is such an uncertainty for your families. christmas spending. how do you do holiday spending if you don't know what kind of tax refund you're going to get? congress is in a sticky spot here. the mood was pretty grim in washington yesterday when i was there for that interview. a lot of folks were saying they're not making plans for the holidays. washington insiders. because they think that they're going to be doing this down to the very last minute. >> i know you were dismayed saying that typically behind the scenes, a
fiscal cliff, amazement and dismay. i've heard it again and again. >> toes are the two words i focused on, amazement and dismay, and my question comes is he making any changes for fedex? >> companies need clarity. and even in the third quarter gdp report you can see that companies holding back on computer purchases, on equipment purchases, because they don't know what's going to happen next year. if there's going to be a recession or not. can i tell you, not to know whether you're...
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Dec 11, 2012
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so is the speaker losing the fiscal cliff pr battle? the american people are blaming him. >> well, the speaker's trying to have a conversation with the president about how to solve the nation's problems. and the president is out on the campaign trail. the president prefers to campaign trail to the hard and rough road of true leadership in washington, d.c. i kind of think the president might have overplayed his hand here a little bit. if he were smart, the american people would be a little more expecting of him to be in washington to fix this before christmas. we're all a little bit tired of this campaign drama. i was looking at pictures today of the president out in michigan. i thought, wait a minute, i thought the election was over. people are going to see through this. you cannot sell them short. they'll figure it out. ben, to terry's point, we know americans support raising taxes on people who make over $250,000. that's not many people and most people support other people paying more taxes. so if most people support it, why is he out
so is the speaker losing the fiscal cliff pr battle? the american people are blaming him. >> well, the speaker's trying to have a conversation with the president about how to solve the nation's problems. and the president is out on the campaign trail. the president prefers to campaign trail to the hard and rough road of true leadership in washington, d.c. i kind of think the president might have overplayed his hand here a little bit. if he were smart, the american people would be a little...
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Dec 4, 2012
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. >>> but first, the president has a plan to avoid the fiscal cliff. but republican house speaker john boehner dismisses it as, and i'm quoting, la la land. the republicans offered their proposal, that happened about 24 hours ago. the white house quickly labels it as nothing new. business as usual, right? so how do we move beyond this stalemate in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica, the president spoke out, sat down in an interview with bloomberg tv, and in listening to the interview, did you hear any clues toward a possible compromise here? >> reporter: not new clues, brooke. the president laid down the marker that we heard from the white house consistently, which is they aren't moving until they hear the republicans agree to raise tax rates on the wealthiest. listen to what the president had to say. >> i think that, you know, we have the potential of getting a deal done, but it is going to require what i talked about during the campaign, which is a b
. >>> but first, the president has a plan to avoid the fiscal cliff. but republican house speaker john boehner dismisses it as, and i'm quoting, la la land. the republicans offered their proposal, that happened about 24 hours ago. the white house quickly labels it as nothing new. business as usual, right? so how do we move beyond this stalemate in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica,...
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Dec 6, 2012
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they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't get 100% of what you want. that's the art of compromise. in order to avoid a disaster, the mandatory spending cuts and domestic spending and defense spending, the mandatory increases across the board taxes from everyone if we go over that fiscal cliff, you got to compromise. there's nothing wrong with compromise. to some liberals on the far left, conservatives on the far right, compromise is a dirty word. you should never compromise with the other side. they hate that. they rather go over the fiscal cliff but the overwhelming majority of americans totally disagree with those hard line positions on the extreme left and the extreme right. they want to compromise and they want a deal and they want the president and john boehner, the republican leadership and democrati
they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't get 100% of what you want. that's the art of compromise. in order to avoid a disaster, the mandatory spending cuts and domestic spending and defense spending, the mandatory increases across the board taxes from everyone if we go...
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especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of mo
especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us....
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Nov 9, 2012
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what is the fiscal cliff? it's spending cuts, all begins at the beginning of the year, a bush tax cuts expire, that means everyone's taxes would rise. alternative minimum tax patch goes away, the payroll tax holiday goes away. unemployment extension goes away. the congressional budget office says it would certainly push the u.s. into a recession. no one wants us to go there. the problem now is figuring out how to fix it. possible scenarios. you could have congress kick the can down the road. just extend current policy for six months. that would cast a shadow over the business community. you could fall off the fiscal cliff like paul krugman is suggesting. stocks would dive. i don't know how many days it would take them to do something and then boom congress would move and you could have this grand bargain on deficit reduction. they need a budget. they need to agree on how we're going to spend our money and invest. that's what these two have to agree on. what does it mean for you? if you go off the fiscal cliff,
what is the fiscal cliff? it's spending cuts, all begins at the beginning of the year, a bush tax cuts expire, that means everyone's taxes would rise. alternative minimum tax patch goes away, the payroll tax holiday goes away. unemployment extension goes away. the congressional budget office says it would certainly push the u.s. into a recession. no one wants us to go there. the problem now is figuring out how to fix it. possible scenarios. you could have congress kick the can down the road....
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Dec 23, 2012
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they'll come back and see what happens with that fiscal cliff. also on thursday, we'll get the consumer confidence report. we'll see how the stock market reacts to that. it was at a four-year high last month. so, we'll see what happens. the stock market has been a little up and down, of course, with worries about the fiscal cliff. and on saturday, a big day in maine. same-sex couples will be able to start tying the knot in maine. voters approve the new law in a november ballot measure along with voters in washington and maryland. so, a whole lot going on next week, even though it's a holiday week. >>> well, many americans from the president on down are sick about what happened in newtown, connecticut. they want tougher gun laws, but the second amendment makes that a tricky proposition. i spoke with cnn legal contributor paul cowan for his take on how the supreme court interprets the right to bear arms. >> the supreme court has held that the second amendment permits people to keep weapons in their house for self-protection, but it doesn't say anyt
they'll come back and see what happens with that fiscal cliff. also on thursday, we'll get the consumer confidence report. we'll see how the stock market reacts to that. it was at a four-year high last month. so, we'll see what happens. the stock market has been a little up and down, of course, with worries about the fiscal cliff. and on saturday, a big day in maine. same-sex couples will be able to start tying the knot in maine. voters approve the new law in a november ballot measure along...
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Nov 26, 2012
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to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was incredible, watching back here in the u.s. but i have to ask, i know you have a daughter and a lovely wife. did you get a chance to have a thanksgiving? >> yes, i got back in time for thanksgiving. i flew all night. tel aviv, frank forfurtrankfurt here to d.c. i had turkey and cranberry sauce and all that. here's a question i'm going to ask you, brooke -- a year ago last night, where were you -- >> ding. b.e.t. soul train awards. >> did you watch last night? >> i did not. >> what do you mean you did not? i watched, of course. >> if i'm
to that fiscal cliff? the number three republican in the house, kevin mccarthy is going to be here in "the situation room." the house majority whip. and also alan krueger, the chairman of the president's council of economic advisers is going to be here as well. we're trying to gauge if there's going to be a deal or no deal and what it means for our viewers. glad you noticed, brooke. >> of course i noticed. i was so proud of you. i was proud of cnn. i thought the coverage was...
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Dec 12, 2012
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fiscal cliff? is it a slope, maybe? he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff. >>> shoppers that dive for cover as a gunman opens for cover in an oregon mall. we're going to give you the latest details, including the newly released identity of the man. >>> internet pioneer john mcafee is on his way back to the united states. kate bolduan is monitoring that story and others. >> guatemala officials escorted him to the airport and he boarded the plane to miami after a deportation order from guatemala. he is wanted for questioning in belize over the death of a neighbor. we've been following his story pretty closely. mcafee was held in guatemala for a week. he made his fortune from the anti-viru
fiscal cliff? is it a slope, maybe? he said, no, it's a fiscal can cliff because the economy will hit a brick wall if there is not a deal in january. he says it is not hype. >> he's basically saying if we go over the fiscal cliff, if these lawmakers and white house doesn't make a deal, it could lead to a recession? >> that >> reporter: that's right. we could hit another recession if we go over the fiscal cliff. >>> shoppers that dive for cover as a gunman opens for...
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this is how one man sees the fiscal cliff. this is allen simpson, as in the simpson in simpson/bowles. ♪ >> yep, that may be the most actions the fiscal cliff saw today. here's the scene on capitol hill here at noon. yep, people leaving, members of congress leaving washington, heading home on a wednesday afternoon. one man standing was the house speaker and he says, i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> but, of course, it takes two to tango. where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >> he's absolutely right about that. but we heard earlier this evening the president and speaker boehner did speak late today on the phone. that's good news. but in this case, we think we need facetime. they need to sit down face to face, pound it out, face to face breeds trust. even the democrats think the president needs to do a little more in-person work on this. >> the p
this is how one man sees the fiscal cliff. this is allen simpson, as in the simpson in simpson/bowles. ♪ >> yep, that may be the most actions the fiscal cliff saw today. here's the scene on capitol hill here at noon. yep, people leaving, members of congress leaving washington, heading home on a wednesday afternoon. one man standing was the house speaker and he says, i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get...
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but first the fiscal cliff. unless congress act, the spending cuts and tack increases that would be triggered automatically next january would take 5.1% out of the country's gdp in one year according to the congressional bucket office. that would be one of the most severe experiments with austerity in history, larger than anything greece, spain, italy, or the united kingdom has tried. in fact, it's almost three times the size of britain's austerity program. and the results of those european programs have thus far been a dramatic slowdown in economic growth and a sharp spike in unemployment. once again, the rhett of the world watches to see if the united states, the center of the global economy, will actually commit economic suicide. the most puzzling aspect of our dilemmas is how manageable they are. unlike greece or spain or even britain, the united states has a fundamentally healthy economy. we have problems, but we have solutions to them. the true virtue of the simpson-bowles deficit reduction plan is that it
but first the fiscal cliff. unless congress act, the spending cuts and tack increases that would be triggered automatically next january would take 5.1% out of the country's gdp in one year according to the congressional bucket office. that would be one of the most severe experiments with austerity in history, larger than anything greece, spain, italy, or the united kingdom has tried. in fact, it's almost three times the size of britain's austerity program. and the results of those european...
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. >>> some folks worried now about the fiscal cliff. one economist worried that a budget deal will actually hurt the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. home of the legendary grand prix circuit. the perfect place to bring the all-new cadillac ats to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3
. >>> some folks worried now about the fiscal cliff. one economist worried that a budget deal will actually hurt the economy and send unemployment sky-high. i'll hear what he has to say up next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations....
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Dec 5, 2012
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the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with eric's take? is the right strategy for republicans to stick to their guns, forget about compromise? >> no. i really don't -- eric is one of my favorite people. we talk a lot. but i think that, and i did work for the speaker gingrich during the shut-down fight in '96, and it did not work out well for republicans. the president has a much bigger bully pulpit than the speaker does. newt gingrich's bully pulpit was pretty big back in those days but at some point, republicans in the house -- and i think boehner is trying to look for ways to do this, speaker boehner,
the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with...
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fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer americans could receive drug abuse treatment and $700 million slashed from the epa budget. cutting back of food inspection. disaster relief, omb says, quote, the federal emergency management administration's ability to respond would be undermined. and finally, from border patrol to hiring new fbi agents, correction officers, federal prosecutors, all could be scaled back. now, all of these cuts, brooke, don't happen exactly at 12:01 a.m. on january 2nd. they happen over the course of a year. but agencies are preparing for an impasse in w
fiscal cliff, 26 days away. christine romans explains how going over the cliff could affect you and your family. >> reporter: brooke, here's what the sequester could mean for domestic programs. fewer women and children with assistance and child care aid. cuts to education nearly 100,000 head start spots at risk. more than 25,000 teachers and teachers aids could lose their jobs and science and public research grants could be cut including in to cancer and childhood diseases. fewer...
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do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he is
do not cooperate with the fiscal cliff idea. rebel and say just extend everything and come back later when the economy is at full employment. >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? we're on day 29, heading into day 28. >> i get excited when i hear david say things so far outside the box. but this is washington. i guess it's not...
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the fiscal cliff. we want to talk to congressman james langford, a republican from the state of oklahoma. nice to have you with us, sir. we appreciate your time. >> thank you. >> you have in all seriousness been warned not to make plans for christmas. what do you think is the likelihood in fact that a deal would be done before christmas, number one? and what exactly are they telling you to do or not do? >> at this point we've been told by eric cantor and speaker boehner just to hold the schedule through the rest of the year. that's the same thing we heard right after the election. hang on to the calendar and we'll watch and see how this unfolds. obviously americans work through the holidays a lot and so as members of the house and senate, we'll continue to do that as well. >> how will it work low gistically. you're done today, right? the last working day, you're off tomorrow. do you go anyway and everybody is just on call meaning you'd be brought back to do some sort of a vote? >> americans loose track
the fiscal cliff. we want to talk to congressman james langford, a republican from the state of oklahoma. nice to have you with us, sir. we appreciate your time. >> thank you. >> you have in all seriousness been warned not to make plans for christmas. what do you think is the likelihood in fact that a deal would be done before christmas, number one? and what exactly are they telling you to do or not do? >> at this point we've been told by eric cantor and speaker boehner just...
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it's 10:00 on the east coast and we begin with brooking news on the looming fiscal cliff. and signs of a potential fall. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise. but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like responsible adults. tonight, signs that maybe some adult behavior might be prevail. and a compromise might be reached. joining me now, dana bash, jessica yellin, and david gergen. what's the latest? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no
it's 10:00 on the east coast and we begin with brooking news on the looming fiscal cliff. and signs of a potential fall. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise. but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials...
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the jersey shore about to meet the fiscal cliff. grim news for governor christie as he visits washington. >>> plus the controversial place to store your text messages. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. without freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouff
the jersey shore about to meet the fiscal cliff. grim news for governor christie as he visits washington. >>> plus the controversial place to store your text messages. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. bp has paid overthe people of bp twenty-threeitment to the...
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congress over the fiscal cliff could be settled if. that's what he's really saying in this press conference in damascus. the elements are there under plan world powers agreed to back in jeune. but, of course, getting agreement if there fr. the assad side and the rebels the and the government, that's a tall order. he's an experienced negotiator. there seems to be some momentum with a flurry of talks and shuttle-type dip ploemmy but he still said and lamented syria is deteriorating rapidly. and as he said there's no u.s./russian plan. there may be discussions on options. can will there a transitional government formed and then elections but we're still not at that stage yet, suzanne. >> do we think he's bringing anything to the table that kofi annan did not who failed in brings these sides together? >> yes. and in failed, it may be a matter of timing. certainly the matter of violence has an eastbound. 40,000 report lid dead. brahimi has not had that success either but he's plugging away. he's been the man in the field from the u.n. from
congress over the fiscal cliff could be settled if. that's what he's really saying in this press conference in damascus. the elements are there under plan world powers agreed to back in jeune. but, of course, getting agreement if there fr. the assad side and the rebels the and the government, that's a tall order. he's an experienced negotiator. there seems to be some momentum with a flurry of talks and shuttle-type dip ploemmy but he still said and lamented syria is deteriorating rapidly. and...
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america is on the edge of a fiscal cliff. democrats are threatening to let all of the bush era tax cuts expire rather than extend them for the rich. but is it just a threat? >>> could american flight schools still unknowingly be training terrorists? the first look at the disturbing new study that shows some gaping holes in the government's security net. plus, part two of our one-on-one with richard branson. wait until you hear his answer when i ask him about his biggest regret. "starting point" begins right now. >>> welcome, everybody, our starting point this morning, more than half of the u.s. battling a devastating drought, disaster areas have been declared in more than 1,000 counties across 26 states. the bone dry conditions are destroying farm crops and one analyst estimates that 75% of the corn crop in the drought region is now wiped out. that could drive up food and fuel prices across the entire country and brings us to rob marciano live in bu. >> we have corn that should be taller than it is right now because of the dr
america is on the edge of a fiscal cliff. democrats are threatening to let all of the bush era tax cuts expire rather than extend them for the rich. but is it just a threat? >>> could american flight schools still unknowingly be training terrorists? the first look at the disturbing new study that shows some gaping holes in the government's security net. plus, part two of our one-on-one with richard branson. wait until you hear his answer when i ask him about his biggest regret....
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the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if you look at recent polls out this week, it shows that a majority of americans say if there is no deal, if we go over the fiscal cliff, they will blame republicans and not democrats or the president. you can be sure everyone is watching those polls. the debt ceiling if you can believe it, i know christine is rolling her eyes over there, the debt ceiling is becoming a part of this. >> that dialogue has been going on for quite some time now. at the en
the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next...
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, the fiscal cliff that's coming, the financial crisis, that's going to take some work on capitol hill to get $30 billion for new york if it's approved and then consider maryland and new jersey and connecticut and on up the coast. the people here know it takes a lot of time and money and hope there's the support not only from the president but from places like this, like this salvation army here on mid land avenue where they have been handing out water and food and supplies for 17 days now. since the storm. they tell us that they have supported 5,000 people at this location alone and people have been coming nonstop. and again, this is 17 days after the storm. a lot of these people lost everything and they hope the president and the governor and mayor bloomberg and the delegations who showed up understand that it's going to take time and support. >> victor blackwell, thank you so much from staten island. appreciate that. >>> major stories including crisis developing overseas aziz real and militants in gaza step up attacks against each yoer. >>> plus, at any minute now u.s. attorney gene
, the fiscal cliff that's coming, the financial crisis, that's going to take some work on capitol hill to get $30 billion for new york if it's approved and then consider maryland and new jersey and connecticut and on up the coast. the people here know it takes a lot of time and money and hope there's the support not only from the president but from places like this, like this salvation army here on mid land avenue where they have been handing out water and food and supplies for 17 days now....
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with the fiscal cliff. it's called his deficit reduction plan, and he has made a couple of things clear. that we can't reduce the deficit without putting revenue on the table, and i think that on election day the overwhelming majority of the american people are going to agree with him. he is also going to not agree to anything that extends as high-end bush tax cuts. you know, the way forward on the fiscal cliff is pretty clear. i think that when the american people vote on tuesday they're going to make their feelings on the way forward clear, and hopefully that means that we'll have some more willing partners across the aisle to forge consensus on this. >> let's talk about the willing partners because right now the republican campaign is arguing, well, if you put mitt romney in another republican, is he going to work better with fellow republicans to avoid falling off this cliff. we expect the balance of power and the house and senate basically are iffing to stay the same. what will the president do to chan
with the fiscal cliff. it's called his deficit reduction plan, and he has made a couple of things clear. that we can't reduce the deficit without putting revenue on the table, and i think that on election day the overwhelming majority of the american people are going to agree with him. he is also going to not agree to anything that extends as high-end bush tax cuts. you know, the way forward on the fiscal cliff is pretty clear. i think that when the american people vote on tuesday they're going...
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for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they
for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless the white house and the republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica...
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optimism the fiscal cliff will be resolved. that's pushing up markets worldwide today. >>> in today's smart is the new rich. prepare yourself. it's about to begin. the annual black friday retail hype machine. it's not black friday anymore. many major retailers will open again on thanksgiving. it worked well for them last year. black thursday, here you come. 70% of in-store sales can be nabbed online. here's what deal news says. do not buy on black friday, one, toys. you'll find better prices on toys in the two weeks before christmas. wait a few more weeks. two, brand name hd tvs. you can find deems on third tier manufacturers. but the brand names are best bought in january or february. three, jewelry and watches. deal news says don't buy any piece of jewelry or a watch over the whole holiday season. they're just as expensive as around valentine's day. valentine's day and the holidays, bad for jewelry. four, winter apparel. you can find cheap clothes. but winter clothes like gloves and hats, you can get them much cheaper in janu
optimism the fiscal cliff will be resolved. that's pushing up markets worldwide today. >>> in today's smart is the new rich. prepare yourself. it's about to begin. the annual black friday retail hype machine. it's not black friday anymore. many major retailers will open again on thanksgiving. it worked well for them last year. black thursday, here you come. 70% of in-store sales can be nabbed online. here's what deal news says. do not buy on black friday, one, toys. you'll find better...